Snipp Interactive Correlations
| SNIPF Stock | USD 0.04 0.01 18.46% |
The current 90-days correlation between Snipp Interactive and Snipp Interactive is 0.05 (i.e., Significant diversification). The correlation of Snipp Interactive is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Snipp |
The ability to find closely correlated positions to Snipp Interactive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snipp Interactive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Snipp Interactive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Snipp Interactive to buy it.
Moving together with Snipp Pink Sheet
Moving against Snipp Pink Sheet
| 0.78 | JPM | JPMorgan Chase | PairCorr |
| 0.76 | BAC | Bank of America | PairCorr |
| 0.71 | GE | GE Aerospace | PairCorr |
| 0.7 | TRV | The Travelers Companies | PairCorr |
| 0.69 | DD | Dupont De Nemours | PairCorr |
| 0.66 | CVX | Chevron Corp | PairCorr |
| 0.62 | HD | Home Depot | PairCorr |
| 0.58 | INTC | Intel Aggressive Push | PairCorr |
| 0.52 | AA | Alcoa Corp | PairCorr |
| 0.51 | SSVFF | Southern Silver Expl | PairCorr |
| 0.42 | MCD | McDonalds | PairCorr |
| 0.39 | VZ | Verizon Communications | PairCorr |
| 0.36 | T | ATT Inc | PairCorr |
| 0.31 | WMT | Walmart | PairCorr |
Related Correlations Analysis
| 0.67 | -0.59 | 0.48 | -0.12 | SPN | ||
| 0.67 | -0.4 | 0.63 | -0.55 | BWLKF | ||
| -0.59 | -0.4 | -0.12 | -0.01 | SODE | ||
| 0.48 | 0.63 | -0.12 | -0.39 | SVSN | ||
| -0.12 | -0.55 | -0.01 | -0.39 | NGTF | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Snipp Pink Sheet performing well and Snipp Interactive Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Snipp Interactive's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPN | 3.00 | (0.08) | 0.00 | 0.09 | 0.00 | 8.33 | 34.29 | |||
| BWLKF | 3.00 | (0.97) | 0.00 | (1.18) | 0.00 | 6.67 | 29.91 | |||
| SODE | 1.12 | 0.18 | 0.03 | 70.29 | 1.69 | 3.70 | 20.75 | |||
| SVSN | 0.99 | (0.47) | 0.00 | 0.71 | 0.00 | 0.00 | 33.33 | |||
| NGTF | 10.94 | 2.59 | 0.27 | 1.26 | 8.18 | 25.39 | 153.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Snipp Interactive without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Snipp Interactive Corporate Management
| Wayne Weng | Chief Officer | Profile | |
| Anthony Aguiar | VP Devel | Profile | |
| Tom Treanor | Chief Officer | Profile | |
| Christian Hausammann | Managing Europe | Profile | |
| CPA CGA | CFO Sec | Profile |